What a Lender Needs to Know: Key Loan Document Terms in a Time of Crisis
March 25, 2020
In the face of unprecedented times, lenders are looking for answers about where to turn to deal with the issues their borrowers confront in view of the public health crisis that has so dramatically affected the functioning of the economy.
Otterbourg partner, David Morse, writes about the credit agreement provisions that provide a map for the secured lender for navigating its rights, including "material adverse effect", solvency, qualified financial statements, EBITDA add backs, and more, which can be found here in his article from TSL Express.